Biographies

Mr. Jose Luis Martinez Dalmau serves as Executive Chairman of the Board, Chief Executive Officer of Saeta Yield, S.A. since January 20, 2015. He has experience in operations, institutional relations, business development, corporate governance, commercial agreements and regulatory acumen. He managed energy projects in the ACS Group during six years prior to the date of this prospectus. Before joining ACS, Mr. Martinez Dalmau served as CEO of Mobipay Espana S.A., a company that offers mobile payment services; as e-business manager for the mobile services of Banco Santander, S.A.; as advisor of the Spanish Ministry of Infrastructure Development with an active role in the liberalization process of the Spanish telecommunications market; and as engineer for Telefonica S.A. and Alcatel Lucent Espana, S.A. He has been a member of the board of directors of several companies, including Retevision, a Spanish telecom operator, and AENA, S.A., an airport operator. He holds a Master's degree in Business Administration from the IESE Business School and a degree in Telecommunications from the Universidad Politécnica de Madrid.

Mr. Alvaro Perez de Lema de la Mata serves as Chief Financial Officer of Saeta Yield, S.A. since November, 2015. He has experience in finance, portfolio management, investor relations, risk management, strategic definition, commercial agreements and public company requisites. He also has knowledge of the power industry, having worked in Enel & Endesa, S.A. for the last 11 years in different positions, including Energy Portfolio Manager, Chief of Staff to the CEO, Investor Relations Officer in the U.S. and Corporate Strategy Analyst. He has been a member of the board of directors of several distribution and generation international companies. He holds Master's degree in Business Administration at the MIT Sloan School of Management and a degree in Industrial Engineering at ICAI – Universidad Pontificia de Comillas de Madrid. He has attended the Leadership for Energy Program at Harvard University, Principles of Economics at Harvard University and Financial Statements Analysis at the University of Chicago.

Mr. Francisco Gonzalez Hierro serves as Director of Operations of Saeta Yield, S.A. He previously served as Vice President of Renewable Operations at Eyra, where he was responsible for the generation operations of the wind and solar thermal assets that now form the initial portfolio of Saeta Yield. He holds a Master’s degree in Industrial Engineering from ICAI - Universidad Pontificia de Comillas de Madrid and is a Professor at ICAI in several subjects, all related with energy production.

Ms. Cristina Aldamiz-Echevarria Gonzalez de Durana serves as Director of Saeta Yield, S.A. since January 20, 2015. She joined ACS in 2001and she serves as the Head of Corporate Development and Controller in the ACS Group. She has experience in financial, commercial and management matters, as well as in merger and acquisition transactions. She has been a director of TBI Limited, an international airport infrastructure service company and a director of Clece, S.A. a multiservice company, subsidiary of the ACS Group. She holds a degree in Economics and Business Administration from Universidad de Deusto.

Mr. Cristobal Gonzalez Wiedmaler serves as Director of Saeta Yield, S.A. since January 20, 2015. He joined ACS in 2000 and he serves as the CFO of the ACS and holds a place in the board of several companies within the ACS Group. He has financial and management background and knowledge in the financial development of project financings. In addition to ACS, he has developed his professional career in other companies such as Hewlett-Packard Espanola, S.A., Grupo Terratest and Cimyson, I.C.O.S, S.A., Hong Kong Brach. He holds a degree in Physics from the Universidad Complutense de Madrid, specializing in Automated Calculated Systems.

Mr. Jose Andres Barreiro Hernandez serves as Independent Director at Saeta Yield, S.A. since January 27, 2015. He has significant experience managing and overseeing large limited companies. Before joining Saeta Yield, he served as managing director of Banco Bilbao Vizcaya Argentaria, S.A. for more than fourteen years. He has been a member of the board of directors of several companies, including AIAF, the Spanish Fixed Income Market, Iberclear, the Spanish Clearing and Settlement System for Government Securities, BME (Bolsas y Mercados Espanoles), CNCB (China Citic bank Corporation). He has been also a member of foundations and schools such as Fundacion de Estudios Financieros and Vermont Academy. He holds a Degree in Economics from the Universidad Complutense de Madrid, specializing in macro economy and a Diploma in tax and Fiscal Law from the Instituto de Estudios Financieros (Madrid).

Mr. Paul Jeffery serves as Independent Director at Saeta Yield, S.A. since January 27, 2015. He was formerly a Managing Director in the Investment Banking Division and Head of the European Power, Utilities and Infrastructure (“PUI”) team at Barclays Capital (“Barclays”). Mr. Jeffery joined Barclays in 1972 and has focused on the utility sector since 1996. During his 15 years as Head of the PUI team, Mr.Jeffery had an oversight role in virtually every Investment Banking transaction Barclays executed in the European PUI sector. Mr. Jeffery retired from Barclays in 2012 and, since 2014, has served on the boards of directors of the Scotia Gas Networks (Southern Gas Networks plc and Scotland Gas Networks plc) and UK Power Networks (Eastern Power Networks plc, London Power Networks plc and South Eastern Power Networks plc) which own and operate the regulated gas and electricity distribution networks, respectively, in the United Kingdom.

Mr. Daniel B. More serves as Independent Director at Saeta Yield, S.A. since January 27, 2015. He was formerly a Managing Director at Morgan Stanley, leading the firm’s global efforts in Utility Mergers and Acquisitions. He has been an investment banker since 1978 and has specialized in the energy sector since 1986. He retired from Morgan Stanley in March 2014 and has served on the board of directors of the New York Independent System Operator (the “NYISO”) since April 2014. He holds a Master of Business Administration in Finance from the Wharton School of the University of Pennsylvania and a Bachelor of Arts in Economics from Colby College.

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